Major Flood Prediction in Nov 2022 – Is Your Car Insured Sufficiently?

The Malaysian Meteorological Department has just issued an alert about heavy rains in the central and northern regions of Malaysia in late November. This weather pattern, driven by monsoon winds from the Philippines, could result in major floods by November 22nd or 23rd if not managed properly by local authorities and state disaster response agencies. If you own a car in Kuala Lumpur, make sure it’s insured against flooding and special perils so you don’t suffer financial losses from this predicted event!

Check The Flood Coverage On Your Motor Insurance

It’s been predicted that major floods are coming to Kuala Lumpur by the end of November. However, have you checked to see if your car insurance includes coverage for floods? You should contact your agent and find out what is included in your policy so you can make a more informed decision about flood risks and act accordingly.

If you have purchased motor insurance with Fatberry, feel free to contact us at +601126128112 to check on your flood coverage.

How Much Does Flood Coverage Cost?

Flood coverage can range anywhere from 0.2% to 0.5% of your vehicle’s sum insured, depending on how comprehensive the plan is and how likely it is that flooding could be an issue in your area. Different insurance company has different tariff on flood coverage rates. The good news is that flood coverage typically only costs a small investment. This would mean if you drive a Perodua Myvi 1.3 the flood coverage will cost between RM 27 and RM 72 per year.

Furthermore, an insurance company might refuse to provide flood coverage during the event of heavy flooding.

Save Yourself From The Hefty Repair Cost

The secret to avoiding expensive car repairs from flood damage is by making a small investment in flood insurance. For example, a driving institute in Taman Sri Muda faced a hefty repair bill of around RM 350,000 following the flash flood on 18 December 2021. In total, the residents of Taman Sri Muda suffered a staggering loss of RM3.7m due to the flood. Imagine all the repair costs without coverage of insurance!

Paying a small monthly fee for the next year is just enough to give you peace of mind and allow you to avoid the costly cost of repairs caused by flooding. These days, it’s hard to predict which area might be submerged in water, so don’t wait until it’s too late!